Polymetal may reduce the production plan for 2014
Edited by Rhod Mackenzie / 2013-06-14 04:56:38
The largest silver producer and one of the leading gold miners of Russia, Polymetal, may reduce capital expenditure amidst a decrease of prices on precious metals in 2013 and consequently, reduce the production plan for the next year by several percent, the company said on Thursday. The company has become the second Russian largest gold producer after the Petropavlovsk, who has announced the details of an investment programme reduction amidst poor market conditions.
